Simple Tips To Save Money Faster

If you’re managing to put some money away every month, you should give yourself a pat on the back – this is not something that everyone manages to do.

However, it’s only natural to feel frustrated if your savings progress is painstakingly slow. If there’ s something you’re saving up for and it feels like it’s taking forever to get there, you may need to step things up a bit.

The following are ten ideas to help you save money faster, some of which you may already be doing and others which call for a more radical lifestyle overhaul…

Shop around for everything

This means absolutely everything, from your supermarket shop to your home insurance. If an unexpected expense comes up and you need a loan, shop around for that too – looking for companies that offer competitive rates such as Pounds till Payday. Do your research and try to find the very best deal on everything you buy. You’ll be amazed at how even the smallest savings add up.

Cycle to work

Look in local classified and online buy/sell/swap groups for a free or cheap bicycle, then you can stop spending money on fuel or public transport. Cycling is completely free and good for your fitness.

Only buy generic, own-brand products

You can forget about brand allegiance when saving money, as supermarket own brands are nearly always cheapest and often taste just as good or do just the same job as branded goods.

Go to the charity shop

If you absolutely can’t get by without a new pair of shoes or you need a birthday present for someone, head to the charity shop. It’s so much cheaper than anywhere else, your money goes to a good cause and you’ll be amazed at the high quality of the items that some people donate.

Buy in bulk

You can often get better deals when you buy products in bulk. Just make sure they aren’t perishable and you have somewhere to store them.

Cut down on alcohol

This is another item, like meat, that can be quite expensive. If you can reduce your consumption, you can potentially save hundreds of pounds a year, as well as being healthier.